| (Rs.in Million) |
| Particulars | Mar 2006 | Dec 2005 | Jun 2004 |
| EQUITY AND LIABILITIES | 0 | 0 | 0 |
| Share Capital | 130.31 | 1063.38 | 1063.38 |
| Equity - Authorised | 800.00 | 800.00 | 800.00 |
| Equity - Issued | 130.24 | 651.20 | 651.20 |
| Equity Paid Up | 130.14 | 650.72 | 650.72 |
| Equity Shares Forfeited | 0.16 | 0.16 | 0.16 |
| Adjustments to Equity | 0.00 | 0.00 | 0.00 |
| Preference Capital Paid Up | 0.00 | 412.50 | 412.50 |
| Face Value | 10.00 | 10.00 | 10.00 |
| Share Warrants & Outstandings | 307.30 | 0.00 | 0.00 |
| Total Reserves | -1091.50 | -2082.52 | -1607.62 |
| Securities Premium | 0.00 | 1158.48 | 1177.75 |
| Capital Reserves | 33.02 | 44.76 | 44.81 |
| Profit & Loss Account Balance | -1124.52 | -3707.15 | -3312.44 |
| General Reserves | 0.00 | 0.00 | 0.00 |
| Other Reserves | 0.00 | 421.40 | 482.26 |
| Reserve excluding Revaluation Reserve | -1091.50 | -2451.60 | -2037.57 |
| Revaluation reserve | 0.00 | 369.09 | 429.95 |
| Shareholder's Funds | -653.89 | -1019.14 | -544.24 |
| Minority Interest | 1.50 | 1.50 | 32.39 |
| Long-Term Borrowings | 0.00 | 0.00 | 0.00 |
| Secured Loans | 3726.71 | 4272.53 | 4718.46 |
| Non Convertible Debentures | 0.00 | 0.00 | 0.00 |
| Converible Debentures & Bonds | 0.00 | 0.00 | 0.00 |
| Packing Credit - Bank | 0.00 | 0.00 | 0.00 |
| Inter Corporate & Security Deposit | 0.00 | 0.00 | 0.00 |
| Term Loans - Banks | 482.74 | 604.05 | 1271.41 |
| Term Loans - Institutions | 3010.29 | 3664.74 | 3442.35 |
| Other Secured | 233.68 | 3.74 | 4.70 |
| Unsecured Loans | 278.56 | 273.28 | 286.27 |
| Fixed Deposits - Public | 0.00 | 0.00 | 3.03 |
| Loans and advances from subsidiaries | 0.00 | 0.00 | 0.00 |
| Inter Corporate Deposits (Unsecured) | 0.00 | 0.00 | 0.00 |
| Foreign Currency Convertible Notes | 0.00 | 0.00 | 0.00 |
| Long Term Loan in Foreign Currency | 0.00 | 0.00 | 0.00 |
| Loans - Banks | 0.00 | 0.00 | 0.00 |
| Loans - Govt. | 0.00 | 0.00 | 0.00 |
| Loans - Others | 0.00 | 0.00 | 0.00 |
| Other Unsecured Loan | 278.56 | 273.28 | 283.24 |
| Deferred Tax Assets / Liabilities | 15.27 | 14.83 | 27.25 |
| Deferred Tax Assets | 7.82 | 8.67 | 19.29 |
| Deferred Tax Liability | 23.08 | 23.50 | 46.53 |
| Other Long Term Liabilities | 0.00 | 0.00 | 0.00 |
| Long Term Trade Payables | 0.00 | 0.00 | 0.00 |
| Long Term Provisions | 0.00 | 0.00 | 0.00 |
| Total Non-Current Liabilities | 4020.53 | 4560.63 | 5031.98 |
| Current Liabilities | 0 | 0 | 0 |
| Trade Payables | 611.66 | 614.47 | 702.77 |
| Sundry Creditors | 469.08 | 467.32 | 523.15 |
| Acceptances | 142.59 | 147.15 | 179.62 |
| Due to Subsidiaries- Trade Payables | 0.00 | 0.00 | 0.00 |
| Other Current Liabilities | 244.36 | 250.84 | 58.79 |
| Bank Overdraft / Short term credit | 0.00 | 0.00 | 0.00 |
| Advances received from customers | 11.10 | 17.17 | 18.82 |
| Interest Accrued But Not Due | 33.26 | 32.86 | 38.16 |
| Share Application Money | 0.00 | 0.00 | 0.00 |
| Current maturity of Debentures & Bonds | 0.00 | 0.00 | 0.00 |
| Current maturity - Others | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 200.00 | 200.82 | 1.81 |
| Short Term Borrowings | 0.00 | 0.00 | 0.00 |
| Secured ST Loans repayable on Demands | 0.00 | 0.00 | 0.00 |
| Working Capital Loans- Sec | 0.00 | 0.00 | 0.00 |
| Buyers Credits - Unsec | 0.00 | 0.00 | 0.00 |
| Commercial Borrowings- Unsec | 0.00 | 0.00 | 0.00 |
| Other Unsecured Loans | 0.00 | 0.00 | 0.00 |
| Short Term Provisions | 49.61 | 70.12 | 90.11 |
| Proposed Equity Dividend | 0.00 | 0.00 | 0.00 |
| Provision for Corporate Dividend Tax | 0.00 | 0.00 | 0.00 |
| Provision for Tax | 0.18 | 2.01 | 0.00 |
| Provision for post retirement benefits | 49.43 | 50.96 | 38.92 |
| Preference Dividend | 0.00 | 0.00 | 0.00 |
| Other Provisions | 0.00 | 17.15 | 51.19 |
| Total Current Liabilities | 905.63 | 935.43 | 851.67 |
| Total Liabilities | 4273.78 | 4478.42 | 5371.80 |
| ASSETS | 0 | 0 | 0 |
| Gross Block | 6234.86 | 6229.26 | 6434.16 |
| Less: Accumulated Depreciation | 3901.75 | 3902.22 | 3484.98 |
| Less: Impairment of Assets | 0.00 | 0.00 | 0.00 |
| Net Block | 2333.11 | 2327.05 | 2949.17 |
| Lease Adjustment A/c | 0.00 | 0.00 | 0.00 |
| Capital Work in Progress | 0.78 | 4.60 | 8.76 |
| Non Current Investments | 136.12 | 269.71 | 762.43 |
| Long Term Investment | 136.12 | 269.71 | 762.43 |
| Quoted | 64.35 | 64.35 | 64.35 |
| Unquoted | 205.32 | 205.36 | 698.08 |
| Long Term Loans & Advances | 0.00 | 0.00 | 0.00 |
| Other Non Current Assets | 0.00 | 0.00 | 0.00 |
| Total Non-Current Assets | 2470.01 | 2601.36 | 3720.37 |
| Current Assets Loans & Advances | 0 | 0 | 0 |
| Currents Investments | 0.00 | 0.00 | 0.00 |
| Quoted | 0.00 | 0.00 | 0.00 |
| Unquoted | 0.00 | 0.00 | 0.00 |
| Inventories | 738.94 | 700.86 | 769.31 |
| Raw Materials | 113.20 | 116.43 | 78.61 |
| Work-in Progress | 203.95 | 214.21 | 198.59 |
| Finished Goods | 351.57 | 300.48 | 418.67 |
| Packing Materials | 0.00 | 0.00 | 0.00 |
| Stores and Spare | 69.64 | 69.02 | 72.90 |
| Other Inventory | 0.59 | 0.73 | 0.55 |
| Sundry Debtors | 469.84 | 499.70 | 406.54 |
| Debtors more than Six months | 12.12 | 67.16 | 75.43 |
| Debtors Others | 457.72 | 432.54 | 331.11 |
| Cash and Bank | 361.62 | 368.76 | 56.82 |
| Cash in hand | 1.64 | 1.32 | 1.65 |
| Balances at Bank | 359.99 | 367.43 | 55.17 |
| Other cash and bank balances | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 24.22 | 24.01 | 26.47 |
| Interest accrued on Investments | 0.00 | 0.00 | 0.00 |
| Interest accrued on Debentures | 0.00 | 0.00 | 0.00 |
| Deposits with Government | 24.22 | 24.01 | 26.47 |
| Interest accrued and or due on loans | 0.00 | 0.00 | 0.00 |
| Prepaid Expenses | 0.00 | 0.00 | 0.00 |
| Other current_assets | 0.00 | 0.00 | 0.00 |
| Short Term Loans and Advances | 209.10 | 211.96 | 271.52 |
| Advances recoverable in cash or in kind | 179.02 | 191.29 | 210.20 |
| Advance income tax and TDS | 18.51 | 8.91 | 33.28 |
| Amounts due from directors | 0.00 | 0.00 | 0.00 |
| Due From Subsidiaries | 0.00 | 0.00 | 0.00 |
| Inter corporate deposits | 0.00 | 0.00 | 0.00 |
| Corporate Deposits | 0.00 | 0.00 | 0.00 |
| Other Loans & Advances | 11.57 | 11.75 | 28.04 |
| Total Current Assets | 1803.72 | 1805.29 | 1530.66 |
| Net Current Assets (Including Current Investments) | 898.09 | 869.86 | 679.00 |
| Miscellaneous Expenses not written off | 0.05 | 71.78 | 120.77 |
| Total Assets | 4273.78 | 4478.42 | 5371.80 |
| Contingent Liabilities | 231.15 | 993.04 | 730.02 |
| Total Debt | 4005.27 | 4545.80 | 5004.73 |
| Book Value | -73.87 | -28.78 | -23.17 |
| Adjusted Book Value | -51.25 | -19.97 | -16.07 |